Adnoc signs 10-year LNG supply deal with Gujarat Energy

Abu Dhabi National Oil Company (Adnoc) has entered into a 10-year liquefied natural gas (LNG) supply agreement with Gujarat Energy Ltd (GEL). Under the terms of the Sales and Purchase Agreement, GEL will receive up to 4 million tonnes of LNG annually, with deliveries scheduled to begin in 2028.

The agreement utilizes the international gas portfolio of XRG, Adnoc’s global investment company, marking the first sale from that specific portfolio. This deal represents Adnoc’s fifth LNG supply agreement in India, following a $3 billion deal signed in January with Hindustan Petroleum Corporation. Total contract values between Adnoc and Indian entities now exceed $20 billion.

Rashid Al Mazrouei, Adnoc’s chief marketing and origination officer for LNG, stated that the partnership aims to provide India with reliable and flexible long-term supplies through an integrated marketing and trading platform.